Tata Motors Passenger Vehicles Ltd · NSE:TMPV
Tata Motors Passenger Vehicles — Tata Motors — Investor Presentation (August 2010)
24 slides from Tata Motors Passenger Vehicles's investor presentation, August 2010
Slide 1: August 2010 Investor Relations
August 2010 INVESTOR RELATIONS 1
Slide 2: Forward-looking statements disclaimer
Statements in this presentation describing the Company’s objectives, projections, estimates, expectations may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results could differ materially from those expressed or implied. Important factors th
Slide 3: Tata Motors: Robust financial performance
Tata Motors: Robust financial performance Consolidated Revenues (Rs. Crores) India Business – Domestic Volumes 35,000 30,000 CV PV 25,000 20,000 87,474 77,751 15,000 28,978 60,884 61,533 26,044 27,056 49,904 10,000 21,100 16,473 118,451 110,186 5,000 89,655 93,520 72,216 0 Apr-Jun 09 July-Sep 09 Oct
Slide 4: Higher demand and better cost control leading to strong performance
Higher demand and better cost control leading to strong performance Consolidated Notes: 1. Cash Profit = EBITDA + Other Income – Net Interest INVESTOR RELATIONS 4
Slide 5: India Business shows robust growth and strong operating profitability
India Business shows robust growth and strong operating profitability… India Business Notes: 1. Includes gain on sale of controlling stake (20%) in Telco Construction Equipment Company Ltd of Rs. 1,057.9 crores as other income and loss on redemption of preference shares in TML Holdings Pte Ltd of Rs
Slide 6: Significant rebound in the JLR business
… together with significant rebound in the JLR business Jaguar Land Rover Notes: 1. Cash Profit = EBITDA + Other Income – Net Interest INVESTOR RELATIONS 6
Slide 7: India Business
India Business INVESTOR RELATIONS 7 7
Slide 8: Robust growth across commercial and passenger vehicles
Robust growth across commercial and passenger vehicles 41% 25% 373,842 260,020 265,373 207,512 39% 56% 100,186 77,858 72,216 49,904 FY09 FY10 Apr-Jun 09 Apr-Jun 10 FY09 FY10 Apr-Jun 09 Apr-Jun 10 MHCV LCV Small car Mid-size UV * Includes FIAT cars and sale of JLR vehicles in India FY 09 FY 10 Q1FY10
Slide 9: Business strategy – Commercial vehicles
Business strategy – Commercial vehicles Maintain and grow leadership in India through: − Improvement in value proposition for existing products − New launches to fill gap in product portfolio − Continuous innovation to create new market segments Grow in international markets − Enhance product range
Slide 10: Continue transformation and strengthening of product portfolio
Continue transformation and strengthening of product portfolio Current Range New Range Key Drivers Widest product range in the sub 1 ton payload segment SCVs Ace 0.5 ton Best-in-class operating economics (<1 ton) Super Ace Ace Sturdy, powerful Pick-ups with Pickups contemporary styling and features
Slide 11: Continue transformation and strengthening of product portfolio (cont'd)
Continue transformation and strengthening of product portfolio (cont’d) Current Range New Range Key Drivers Creating a new segment currently SCVs served by 3 wheelers Primary demand in (3-6 seats) rural and semi urban markets Tata Magic Magic Iris New segment for Tata Motors UVs Targeting fleet (7-1
Slide 12: Business strategy – Passenger cars
Business strategy – Passenger cars Leverage young product portfolio to regain market position Expand addressable market through improved value proposition eg. Powertrain options Seed longer-term growth by exploiting emerging trends - alternative fuels (Electric Vista etc) Supplement technology and p
Slide 13: Upcoming launches / Relatively young product portfolio
Transformation and strengthening of the existing product portfolio ARIA Nano Relatively young product portfolio Indigo Manza Upcoming launches Fiat Linea VENTURE Sumo Grande Xenon XT Q4FY08 Q2FY09 Q4FY09 Q1FY10 Q3FY10 Next Gen UV Indica Vista Fiat Punto Platform Multiple product launches in the last
Slide 14: Jaguar Land Rover
Jaguar Land Rover INVESTOR RELATIONS 14 14
Slide 15: Retail volumes
Retail volumes (Volume in ‘000) UK North America China Jaguar (Apr-Jun 10) 23% 23% RoW 13.2 12% 12.6 4% 6.7 Russia UK 10.7 10 1% 30% 10.3 Europe 9.1 (excl. 6.2 8.9 3.3 6.6 5.8 Russia) 24% 2.9 4.5 4.2 3.7 3.7 0.9 China 0.4 North 6% America Apr-Jun 09 Apr-Jun 10 Apr-Jun 09 Apr-Jun 10 Apr-Jun 09 Apr-Ju
Slide 16: JLR business shows significant rebound
JLR business shows significant rebound (GBP million) Revenues EBITDA 2,500 400 20% 2,000 350 15.5% 300 15% 250 11.4% 1,500 9.8% 200 10% 350 2,262 150 1,000 1,961 2,048 233 100 2.9% 192 5% 1,420 1,125 50 500 41 0 0% (34) (50) 0 (3.0%) (100) -5% Apr-Jun 09 July-Sep 09 Oct-Dec 09 Jan-Mar 10 Apr-Jun 10
Slide 17: Business strategy – JLR
Business strategy – JLR 2009 - Stabilise 2013 Stabilise, drive cost, launch Complete transformation new product and initiate Sustainable Growth transformation 2010-12 - Transform Drive transformation to 2014 Onwards profitable business – simpler, Deliver key growth market and more flexible with a lo
Slide 18: Strategy to reduce break even point - JLR
Strategy to reduce break even point - JLR Gap closure to best in class Increase sourcing of materials from low cost countries Material cost and Increase commonality and reduce number of suppliers for better cost control and manufacturing leverage with suppliers Introduction of PLA would enable impro
Slide 19: New products
New products 2010 model year XK and New XJ 2011 model year Range Rover EVOQUE 2010: Retail Sale of XJ 2011: Launch of Range Rover EVOQUE The next 3 year planning cycle to witness several new models and refreshments for Jaguar and Land Rover 2010 Model year Land Rover products INVESTOR RELATIONS 19
Slide 20: Focus on emerging markets and environmental technologies at JLR
Focus on emerging markets and environmental technologies at JLR Emerging markets plans Environmental technologies plans Jaguar Land Rover will continue to grow its Develop technologies targeting a 25% presence in the Indian market by opening reduction in joint fleet average tailpipe CO2 additional d
Slide 21: Other Key Subsidiaries
Other Key Subsidiaries INVESTOR RELATIONS 21 21
Slide 22: Outlook for other key subsidiaries
Outlook for other key subsidiaries Launch vehicles compliant with Euro V emission norms as per required schedule, in line with new emission norms coming into effect from October 2010 New distribution company (100% subsidiary of TDCV) launched in July 2010 to TDCV enhance value chain and market share
Slide 23: Way forward
Way forward Tata Motors Continued strong industry growth and market share gains New product pipeline: Aria, Magic Iris, Venture, Prima Range Change in Emission norms from Oct’10 will encourage pre-buying Increased commodity prices likely to exert some cost pressures Increases in interest rate could
Slide 24: Thank You
THANK YOU INVESTOR RELATIONS 24 24